Thursday, April 06, 2006

Ottawa Million-Dollar Homes

Plenty of people in Ottawa today live in million-dollar homes without being millionaires. They just have a large mortgage.

They also need a substantial amount of capital and a large and steady income to persuade a money-lender they can afford a million-dollar home.

What can you buy new for $1 million in Ottawa?

You can probably forget Rockcliffe, at least for single homes. There, people spend more than $1.5 million just to buy an old house.

Custom home in thick woodland: from about $925,000Roof-garden level suite at 700 Sussex: $840,000Large family home on the golf course: $893,000The home is the 3,630-square-foot Turnberry, which has a base list price of about $562,000. The model, including many upgrades, is for sale for $893,000.Luxury 16th-floor suite on Rideau River: $695,400Penthouse suite on 31st floor of Ottawa's tallest condo: $819,900New homes near Rideau River at Mooney's Bay: from $500,000Large family home near the Rideau River: from $673,000Penthouse in the first phase of LeBreton Flats: $895,000